5 Stocks that Will Double In 2021

Page 5 of 5

1. ViacomCBS Inc. (NASDAQ: VIAC)

Number of Hedge Fund Holders: 89 

ViacomCBS Inc. (NASDAQ: VIAC) is placed first on our list of 15 stocks that will double in 2021. The company’s shares have offered investors returns exceeding 62% over the course of the past twelve months. The firm is based in New York and markets media and entertainment services. It has a market cap of over $27 billion and posted more than $25 billion in revenue last year. The firm was founded in 1986. The firm beat market expectations on revenue and earnings per share in the first quarter. 

On May 20, investment advisory Bank of America upgraded ViacomCBS Inc. (NASDAQ: VIAC) stock to buy from Underperform. The price target was also raised to $53 from $38 with the advisory expecting further media consolidation that would benefit the firm.

At the end of the first quarter of 2021, 89 hedge funds in the database of Insider Monkey held stakes worth $2.3 billion in ViacomCBS Inc. (NASDAQ: VIAC), up from 44 the preceding quarter worth $919 million.

You can also take a peek at 10 Best Medical Stocks Under $10 and 15 Best Consumer Discretionary Stocks to Buy Now.

Page 5 of 5